First Abu Dhabi Bank

Logotype for First Abu Dhabi Bank
Ticker/ISIN
NBAD
AEN000101016
Market/Country
Abu Dhabi Stock Exchange
United Arab Emirates
Latest Stock Price
14.20 AED
2024-02-21

Year to date

0.02 %

3 months

0.00 %

6 months

0.00 %

1 year

0.00 %

3 years

0.00 %

5 years

0.00 %

The UAE’s largest bank and one of the world’s largest financial institutions, the new bank offers an extensive range of tailor-made solutions, products and services, in addition to customised experiences. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises. Headquartered in Abu Dhabi in Business Park, Khalifa Park, the bank’s international network spans 19 countries across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first and help them grow stronger, the new bank continually invests in people and technology to create the most customer-friendly banking experience possible, and support the growth ambitions of shareholders, residents, entrepreneurs and the UAE’s economy. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, the new bank is set to drive forward growth for the business and for the region.

Latest Pressrelease Summaries

On 17 September 2024, First Abu Dhabi Bank (FAB) completed a co-investment with Brookfield Asset Management and other investors to acquire 100% of Network International Holdings Plc. This acquisition was conducted through BCP VI Neptune Bidco Holdings Limited, reinforcing FAB's leading position in the payments and financial services sectors in the Middle East and Africa. Following regulatory approvals, FAB and Brookfield will contribute their interests in Magnati Sole Proprietorship LLC in exchange for additional interests in Network Project Holdings 1 Limited, which will hold the combined businesses of Network and Magnati. This combination is expected to generate significant value, driving innovation and growth in the payments industry. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.
First Abu Dhabi Bank (FAB) has appointed Chris Jaques as Group Chief Risk Officer effective August 5, 2024. Mr. Jaques brings over 30 years of experience in the financial services sector, having held leadership roles in risk management, income derivatives trading, and multi-asset fund management. He joins FAB after an 11-year tenure at Deutsche Bank, where he most recently served as Chief Risk Officer for the UK and Ireland and Global Head of Enterprise Risk Management. FAB’s Board of Directors and leadership extend a warm welcome to Mr. Jaques. For media and investor inquiries, contact FAB Communications or FAB Investor Relations.
The Management Discussion & Analysis for the six-month period ended June 30, 2024, provides an overview of the financial performance and position of the company. It includes an analysis of the company's revenue, expenses, and profitability, as well as a discussion of key factors that influenced the results. The report also covers significant events and transactions that occurred during the period, and provides insights into future outlook and potential risks.
The text refers to the condensed consolidated interim financial information for FAB (First Abu Dhabi Bank) for the second quarter of 2024, covering the six-month period ending on June 30, 2024.
On July 11, 2024, the First Abu Dhabi Bank (FAB) addressed the Market Operations Surveillance Department of the Abu Dhabi Securities Exchange regarding recent news reports. FAB clarified that reports suggesting it is considering acquiring a stake in Yes Bank Ltd are unfounded. The bank emphasized that it is not evaluating any potential offer for Yes Bank Ltd. FAB reiterated its focus on executing its growth strategy and delivering strong returns to shareholders. Any significant developments will be communicated to stakeholders in accordance with regulatory requirements. For media inquiries, contact FAB Communications, and for investor-related inquiries, contact FAB Investor Relations.
On January 7, 2024, First Abu Dhabi Bank (FAB) announced the departure of Chief Risk Officer Pradeep Rana due to personal reasons. Subramaniyan Iyer, the Deputy Chief Risk Officer, has been appointed as the Acting Chief Risk Officer effective June 28, 2024. The Board of Directors and leadership of FAB expressed their gratitude to Mr. Rana for his contributions during his four-year tenure. A permanent successor for the Chief Risk Officer role will be announced soon. In the interim, Mr. Iyer will collaborate with the executive team to uphold the bank's strong risk management culture. For media inquiries, contact FAB Communications at prandmedia@bankfab.com and fabteam@webershandwick.com. For investor-related inquiries, contact FAB Investor Relations at IR@bankfab.com.
The Abu Dhabi First Bank (FAB) has released a statement acknowledging recent market speculations. The bank reassures its focus on executing its growth strategy and providing strong returns to its shareholders. The statement also mentions that the bank may engage in strategic discussions about expanding its operational network in line with its overall banking operations. FAB ensures that any significant disclosures will be made in accordance with regulatory requirements.
The text refers to the condensed consolidated interim financial information for FAB for the first quarter of 2024, which covers the three-month period ending on March 31, 2024.

Threads

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank Board Meeting Results held on 30/04/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank Financial Results for the Period Ended March 31,2024

The text refers to the condensed consolidated interim financial information for FAB for the first quarter of 2024, which covers the three-month period ending on March 31, 2024.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank Management Discussion and Analysis Report for the Period Ended March 31,2024

The text provided is a heading for a management discussion and analysis report for the first quarter ending on 31 March 2024. This report is likely to contain a detailed review of a company's financial performance, operational activities, and potential future strategies.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank Announcement of Board Meeting to be held on 30/04/2024 at 15:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: FAB 2023 ESG Summary

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank AGM Results held on 05/03/2024 at 16:00

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: FAB shareholders approve AED 7.8 billion cash dividend at Annual General Meeting

First Abu Dhabi Bank (FAB) shareholders approved all items on the agenda, including a cash dividend of 71 fils per share, totaling AED 7.8 billion, at the Annual General Meeting (AGM). This marks the highest cash dividend payout since 2020. The bank's robust performance in 2023 was highlighted, and the AGM also emphasized FAB's strong platform for future growth. The bank's strategic direction was also outlined, with the aim to enhance FAB's position as a driver of economic and financial progress in the UAE, and to become a global financial powerhouse. The AGM also approved the Board of Directors report, the external auditors report, and the Internal Shari’ah Supervision Committee annual reports for FY 2023.

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: 2023 Annual Integrated Report

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: First Abu Dhabi Bank Corporate Governance Report for the year December 31,2023

1. Attached Document

Abu Dhabi Stock Exchange News

Abu Dhabi Stock Exchange News

News Update From First Abu Dhabi Bank

Disclosures: FAB 2023 ESG Summary

1. Attached Document